Forth Smart Service Public Company Limited (FSMART) — Net Asset Quality Index
Forth Smart Service Public Company Limited (FSMART) has a Net Asset Quality Index of 47.3% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ฿3.69 Billion minus total liabilities of ฿1.94 Billion yields net assets of ฿1.74 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read Forth Smart Service Public Company Limit balance sheet liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Forth Smart Service Public Company Limited Net Asset Quality Index Over Time (2012–2025)
This chart shows how Forth Smart Service Public Company Limited's Net Asset Quality Index has evolved across 14 annual periods from 2012 to 2025. As of December 2025, the index stands at 47.3%, representing net assets of ฿1.74 Billion against total assets of ฿3.69 Billion THB. For live market cap and overall valuation, see Forth Smart Service Public Company Limit (FSMART) total market value.
Annual Net Asset Quality Index for Forth Smart Service Public Company Limited (2012–2025)
The table below presents the year-by-year Net Asset Quality Index for Forth Smart Service Public Company Limited from 2012 to 2025, covering 14 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check strategic asset allocation of Forth Smart Service Public Company Limit to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (THB) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 47.3% | ฿1.74 Billion | ฿3.69 Billion | ฿1.94 Billion | ▲ +8.0 pp |
| 2024 | 39.2% | ฿1.29 Billion | ฿3.29 Billion | ฿2.00 Billion | ▼ -3.6 pp |
| 2023 | 42.8% | ฿1.17 Billion | ฿2.74 Billion | ฿1.57 Billion | ▲ +3.0 pp |
| 2022 | 39.8% | ฿1.13 Billion | ฿2.83 Billion | ฿1.71 Billion | ▲ +1.4 pp |
| 2021 | 38.4% | ฿1.13 Billion | ฿2.94 Billion | ฿1.81 Billion | ▲ +5.1 pp |
| 2020 | 33.3% | ฿1.15 Billion | ฿3.45 Billion | ฿2.31 Billion | ▼ -4.7 pp |
| 2019 | 37.9% | ฿1.34 Billion | ฿3.52 Billion | ฿2.18 Billion | ▲ +6.0 pp |
| 2018 | 32.0% | ฿1.25 Billion | ฿3.92 Billion | ฿2.66 Billion | ▲ +0.6 pp |
| 2017 | 31.3% | ฿1.33 Billion | ฿4.26 Billion | ฿2.93 Billion | ▼ -5.8 pp |
| 2016 | 37.1% | ฿1.18 Billion | ฿3.18 Billion | ฿2.00 Billion | ▼ -8.3 pp |
| 2015 | 45.5% | ฿1.02 Billion | ฿2.24 Billion | ฿1.22 Billion | ▼ -11.1 pp |
| 2014 | 56.6% | ฿1.01 Billion | ฿1.78 Billion | ฿774.90 Million | ▲ +24.0 pp |
| 2013 | 32.6% | ฿369.20 Million | ฿1.13 Billion | ฿764.89 Million | ▲ +5.4 pp |
| 2012 | 27.2% | ฿248.55 Million | ฿914.88 Million | ฿666.33 Million | — |